Draft FY11 Budget Presentation March 2010 1

Review of the FY10 Budget No Big Surprises (Well Rehabilitations) SWEETWATER SPRINGS WATER DISTRICT Review of the FY10 Budget No Big Surprises (Well Rehabilitations) Grant from RDA/RRROC in Mid Year for CIP IV-B CIP IV-A Carryover Projected Revenues and Operations Expenses Similar to Budgeted Reserve Policy Formalized 2

Highlights of the Draft FY11 Budget SWEETWATER SPRINGS WATER DISTRICT Highlights of the Draft FY11 Budget Following the Format of the FY10 Budget Small Changes in Format Reserve Policy Reserves, Fund and Loan Balances Identified and Conformed to Reserve Policy No Change in Water Rates, Charges and Assessments Water Sales Expected to Decrease Less Interest Small Increase in Salaries and Benefits Services and Supplies Scrutinized to Reflect Actual Costs and Cost Savings Capital Improvement Program at $1.5 Million – Uses Engineer’s Estimate 3

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Table 2. District Fund and Loan Balances SWEETWATER SPRINGS WATER DISTRICT Table 2. District Fund and Loan Balances   FY 08-09 Actual FY 09-10 BUDGET FY 09-10 REVISED BUDGET FY 10-11 BUDGET Difference FY11-FY10 CIRF 1,606,129 1,192,604 1,854,242 2,364,572 510,330 OPERATING RESERVE 225,000 396,970 171,970 OPERATIONS 770,352 603,609 788,541 200,000 (588,541) CD 573,223 601,597 601,884 631,978 30,094 IN HOUSE CONSTRUCTION 121,757 107,929 106,757 91,757 (15,000) BUILDING 75,850 60,850 - Private Placement Loan 1,867,255 940,399 1,205,560 765,560 (440,000) 5

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SWEETWATER SPRINGS WATER DISTRICT Multi-Year Outlook 8

Next Steps Draft Budget on Website. Public Review and Comment Invited. SWEETWATER SPRINGS WATER DISTRICT Next Steps Draft Budget on Website. Public Review and Comment Invited. Review Draft Budget at April Meeting Final Budget Presentation and Approval at May Meeting Comments that District Staff Receive Presented as Part of Final Budget Presentation 9

Summary Draft FY11 Budget Uses FY10 Structure SWEETWATER SPRINGS WATER DISTRICT Summary Draft FY11 Budget Uses FY10 Structure Decreased Revenue; No Water Rate Changes, Less Sales Operating Expenses Stable CIP IV-B, Project 2, RDA/RRROC Grant Reserve Policy - Reserves Above District Policy at $2.7 Million Long-Term Picture Shows Approved CIP Completion 10